MOA object change in Vadapalani - Filingpoint

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Filingpoint Memorandum of Association (MOA) is a key document for any type of company registration and incorporation. It acts as a cornerstone and holy constitution of any firm.

It defines the scope of activities that a Company can indulge in and lays down the guidelines on which the Company will function and manage itself. The MOA is a legally binding document and any activity that is not mentioned in the MOA is deemed to be unlawful. Hence it is important to draft the MOA well.

Kanakkupillai with its panel of experts provides comprehensive assistance to companies in drafting the MOA. The team helps in identifying the key provisions that should form part of the MOA. It also assists in drafting the MOA using simple and clear language avoiding legal jargons.

The most significant aspect of the MOA is the "Object Clause." The clause identifies the main and other objectives for which the Company has been formed. This enables external parties like customers, suppliers and investors to understand the scope of work that the Company can undertake. A Company can engage in activities outside the scope of its Object Clause only with the approval of the Registrar of Companies by way of a special resolution.

Other important clauses of the MOA include the capital clause, association clause and liability clause. The capital clause states the amount of authorized share capital of the Company which can be altered over time by obtaining the approval of the shareholders through a special resolution. The association clause mentions the names, addresses and occupations of the initial subscribers of the MOA. Changes in this clause can be made over time if existing subscribers withdraw or new ones are added. The liability clause indicates whether the liability of the members is limited or unlimited.

Contact Filingpoint MOA Object Change Expert +91 72999 72500